CP SANI-OMOLORI APPEALED FOR CALM AS HE DIRECTED THE STATE INTELLIGENCE DEPARTMENT(SID) TO INITIATE A THOROUGH AND DISCREET INVESTIGATION INTO THE DUTSEN-TANSHI INCIDENT.(PHOTO).#PRESS RELEASE.

The Nigerian Upstream Regulatory Commission (NUPRC) has confirmed plans for a new oil bidding round in 2025, aimed at attracting investments, boosting oil and gas reserves, and enhancing Nigeriaās production capacity. NUPRCās Chief Executive, Engr. Gbenga Komolafe, revealed that the 2025 round would focus on undeveloped fields and natural gas development to align with Nigeriaās UN Sustainable Development Goals.
Speaking at the 2024 Licensing Round Commercial Bid Conference in Lagos, Komolafe emphasized that the 2025 exercise would unlock Nigeriaās hydrocarbon potential, drive economic growth, and attract investors. He added that the NUPRC aims to responsibly and sustainably develop the nationās oil and gas resources.
Meanwhile, the winners of the 2024 Licensing Round, which launched in May, will be announced today. This yearās round featured 24 carefully selected blocks, with a total of 31 blocks available, including seven carried over from the 2022 Mini Bid Round. The 2024 exercise is designed with a focus on transparency, accountability, and environmental responsibility.
Komolafe also highlighted the importance of collaboration between local and international companies, promoting local content, and creating employment. The NUPRCās initiatives aim to drive exploration and development, ensuring Nigeriaās position as a leading energy player.
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